Artificial Intelligence
IoT In Healthcare Market to Hit Sales of $332.52 Billion by 2028 | IoT Market to Surpass Valuation of $2412.49 Billion
Westford, USA, Nov. 10, 2022 (GLOBE NEWSWIRE) — By 2025, the number of internet-connected devices is expected to reach 27 billion. of these, 2.3 billion will be used in healthcare, according to a report from SkyQuest Technology. IoT in healthcare market is one of the most promising and rapidly growing areas in healthcare technology. Hospitals and other care providers are starting to see the potential of IoT to transform the way they provide care, improve patient outcomes, and lower costs. There are a number of factors driving the demand for IoT in healthcare. One is the increasing prevalence of chronic conditions, which require ongoing management and monitoring. IoT can play a role in helping patients manage their conditions by providing real-time data on their health status and providing alerts when something is wrong.
In addition to this, rising cost of healthcare to add fuel to the growth of the IoT in healthcare market. With costs continuing to rise, hospitals and other care providers are looking for ways to improve efficiency and lower costs. IoT can help by reducing the need for manual tasks, such as charting and data entry, and by automating tasks that can be done more efficiently by machines.
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IoT can play a transformative role in healthcare, from improving patient care and reducing costs to enabling new business models and revenue streams. For example, hospitals can use IoT sensors to track patients’ vital signs and send alerts to caregivers if something is wrong. This can help prevent potential complications and save lives in the global IoT in healthcare market. In addition, IoT can be used to monitor health at a population level and collect data that can be used for research purposes. For instance, data from fitness trackers and other wearable devices can be anonymized and aggregated to identify trends in health and wellness. This information can then be used by healthcare organizations to develop targeted interventions and improve population health.
IoT Security to Remain Key Challenge in IoT in Healthcare Market
Despite the potential benefits of the Internet of Things (IoT) in healthcare market, security remains a key challenge. A recent study by the SkyQuest found that 27% of healthcare organizations have experienced an IoT-related data breach, and that IoT devices are a leading cause of data breaches in healthcare. One of the biggest challenges with IoT security is the sheer number of devices and sensors that are being used. Healthcare organizations are collecting more data than ever before, and this data is often sensitive in nature. With so many devices and so much data, it can be difficult to keep track of everything and ensure that all devices are properly secured.
In addition, many IoT devices are not designed with security in mind across global IoT in healthcare market. They may have weak passwords, outdated software, or no encryption at all. This makes it easy for hackers to gain access to these devices and the data they contain. Finally, healthcare organizations must also contend with the fact that their patients’ lives could be at risk if an IoT device is compromised. This is particularly true for medical devices such as pacemakers or insulin pumps, which could be remotely controlled by a hacker if they gain access to the device. As such, it is crucial for healthcare organizations to ensure that their IoT devices are properly secured to protect their patients’ safety.
In order to mitigate these risks, healthcare organizations need to put in place robust security measures for their IoT devices. This includes ensuring that devices are properly configured and secured, and that staff are aware of the risks associated with their use. Additionally, organizations should consider investing in secure communication protocols and data encryption technologies.
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Telemedicine is Offering Prominent Growth Opportunity for IoT in Healthcare Market
IoT in healthcare market is growing at a rapid pace and is expected to continue doing so in the coming years. Telemedicine is one of the most promising applications of IoT in healthcare, as it has the potential to greatly improve patient care and reduce costs.
There are a number of different telemedicine applications that are being developed and deployed today. These include remote patient monitoring, tele-diagnostics, teleradiology, and more. Remote patient monitoring is perhaps the most widely used telemedicine application at present in the IoT in healthcare market, as it allows patients to be monitored remotely using various sensors and devices. This helps to improve patient care by allowing doctors to keep track of their patients’ health status and intervene if necessary.
Tele-diagnostics is another important application of telemedicine that is growing in popularity in the IoT in healthcare market. This involves using diagnostic tools and techniques remotely in order to make diagnosis easier and more accurate. Teleradiology is another key application, which uses radiologic imaging techniques remotely in order to diagnose patients.
The deployment of telemedicine applications is often limited by infrastructure limitations, but this is changing as more and more hospitals and clinics adopt IoT technologies. In addition, government initiatives such as the FDA’s recently announced pilot program for medical devices connected to the internet are helping to drive adoption of these technologies.
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Major Players in Global IoT in Healthcare Market
- Medtronic (US)
- GE Healthcare (US)
- Koninklijke Philips N.V. (Netherlands)
- Honeywell Life Care Solutions (US)
- BIOTRONIK (Germany)
- Boston Scientific Corporation (US)
- Johnson & Johnson Services Inc. (US)
- Siemens AG (Germany)
- Omron Healthcare Inc. (Japan)
- BioTelemetry Inc. (US)
- AliveCor Inc. (US)
Related Reports in SkyQuest’s Library:
Global Sleep Apnea Devices Market
Global In-Vitro Diagnostics Market
Global Lymphedema Treatment Market
PART 2:
The epidemic has compelled governments, corporations, and individuals to rethink their goals, perspectives on socioeconomic issues, and methods of operation. While the globe battled the new coronavirus epidemic in 2020, healthcare experts worked tirelessly. The goal was to provide adequate services to protect residents from being sick and to heal those who had become ill. In such a case, technological advancements have consistently resulted in disparities between healthcare systems. Countries were amassing resources and creating cutting-edge methods to mitigate the impact of COVID-19 and monitor populations at risk. During the crisis, the Internet of Things (IoT) market and other modern technologies such as cloud computing and artificial intelligence (AI) proved extremely useful.
One of the most critical parts of internet technology is data management. Internet-connected gadgets generate massive amounts of data and information that must be processed. The internet of things standard security gateway, on the other hand, poses a slew of security and privacy concerns. The blockchain-based architecture enables basic and decentralised security solutions for connected devices.
The major reasons responsible for the effective operation of global Internet of Things (Iot) market are technological developments and operational efficiency. Various nations in Asia Pacific, the Middle East and Africa, and Latin America face a lack of essential technologies, such as telecom and networking infrastructure, and are unable to quickly execute smart projects owing to a variety of problems, including a low budget and a low literacy rate. Several nations have yet to mature or even launch 4G technology, whilst others such as China have conducted testing on 5G technology. Though governments and businesses in such nations are aware of the benefits of Internet of Things (IoT) technology and the industry’s high ROI, the initial budget limitation plays a significant role in slowing the development of the Internet of Things (IoT) market share.
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Read market research report, ” Global Internet of Things (IoT) market analysis is segmented By Software Solution (Data Management, Security Solution, Network Bandwidth Management, Remote Monitoring System, and Real-Time Streaming Analytics), By Platform (Network Management, Application Management, and Device Management), By Service (Consulting service, Support and maintenance, Deployment and integration, Managed service, and Professional service), By Application (Smart Manufacturing, Smart Energy & Utilities, Smart Mobility & Transportation, Building & Home Automation, Smart retail, Connected Logistics, and Others) & By Region – Forecast and Analysis 2021-2027” by SkyQuest
With rising population and urbanisation, several nations across the world are launching smart city initiatives and using smart city technologies to better manage resources. Connected devices, such as sensors, smart lighting, and smart metres, among others, aid in the enhancement of the functionality and efficiency of infrastructure and related services.
IoT software solutions provide business applications that improve operational efficiencies, enhance the customer experience, and provide new income streams. Internet-connected Internet of Things (IoT) devices easily share data with other devices/applications/things to offer trustworthy data decisions to the end-user. Software solutions provide a wide range of technologies that assist firms in meeting their goals and maintaining a critical competitive advantage. Software solutions are gaining popularity for existing infrastructure systems to automate a variety of operations in critical infrastructure, manufacturing, and other industries.
The Americas account for the vast bulk of the device-enablement value pool. Because of the centrality of device enablement to the Internet of Things (IoT) market share and its worldwide Internet of Things (IoT) market revenue growth, both technology and business prospects will be nearly geographically agnostic and increase at similar rates. And, while enterprise clients will continue to dominate, device-enablement solutions will see rapid adoption among small and mid-sized businesses. The expanding market for IoT technology shows some of the ways in which maturing technologies have begun to deliver on the IoT’s promises. PE funds should analyse potential to exploit IoT in their portfolio firms and seek for developing investment opportunities in the IoT industry as well as in sectors that can profit significantly from these technologies.
Asia Pacific is home to a number of rising and developed economies, including Australia, India, China, Japan, and Singapore. Because of the rapid adoption of new technology, this area has become a valuable market for the IT sector. As a result, the Asia Pacific Internet of Things (IoT) market is predicted to develop at the fastest rate. While Japan has announced the completion of the majority of its “smart city” projects, the rest of the area is still in the planning stages. China is the region’s largest market for developing IoT application in smart cities. As of January 2019, more than 5,000 smart cities initiatives in India were under various phases of development, with investments totalling more than INR 2 trillion.
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Furthermore, the region’s governments are taking strong steps to improve their IT infrastructures, allowing business users to embrace cutting-edge technology. Some countries are more technologically advanced than others, yet some are still hesitant to accept new technology. The lack of knowledge and competence among end-users, as well as a lack of resources and infrastructure in emerging nations, are likely to limit the growth of the Asia Pacific IoT market share analysis. Some extensive government programmes in the region attempt to improve service efficiency. The area is home to the bulk of developing members who are undergoing fast urbanisation as the world’s most dynamic region for urbanisation. While this trend creates great commercial potential, it also poses significant hurdles to long-term growth.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
List of internets of things (IOT) Key Players/Suppliers
- Amazon Web Services, Inc. (U.S.)
- Intel Corporation (U.S.)
- Microsoft Corporation (U.S.)
- PTC Inc. (U.S.)
- Robert Bosch GmbH (Germany)
- Cisco Systems, Inc. (U.S.)
- IBM Corporation (U.S.)
- Oracle Corporation (U.S.)
- SAP SE (Germany)
- Siemens AG (Germany)
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Related Reports in SkyQuest’s Library:
Global Fraud Detection and Prevention Market
Green Technology and Sustainability Market
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).
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Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
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Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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